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When Selling Business Outcomes, Which Two Key Factors Must Be

question 99

Multiple Choice

When selling business outcomes, which two key factors must be considered in relation to the achievement of the outcomes? (Choose two.)

Distinguish between mutually exclusive and collectively exhaustive events.
Compute probabilities applying appropriate probability rules.
Understand the concept of conditional probability and its calculation.
Grasp the concept of independent events and how they affect probability outcomes.

Definitions:

Methane Gas

A colorless, odorless, flammable gas that is the main component of natural gas and a potent greenhouse gas.

Strict Liability

Liability even in the absence of fault.

Explosive

An explosive is a reactive substance that contains a great amount of potential energy, which can produce an explosion if released suddenly, typically through a rapid expansion of gas.

Financial Loss

The negative impact experienced when expenses exceed revenues, or when assets lose value, affecting an individual's or entity's overall financial health.

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